Latest Income tax News from India

Find here below the latest income tax news from many sources....


Taxability of non-resident: Yet another U-turn by CBDT

Economic Times - ‎Nov 13, 2009‎
Lately, the Central Board of Direct Taxes or CBDT (which is the highest ranking executive authority for income taxes in India) has withdrawn several of its ...


Gold touches all-time high

Chandigarh Tribune - ‎Nov 7, 2009‎
Pooling of capital gains funds to buy a single property is a grey area and approval of the same would depend upon the Income Tax officer's discretion. ...


IT dept plans to make names of habitual tax defaulters public

Financial Express - ‎Nov 8, 2009‎
New Delhi: Tax defaulters beware. The income tax department is considering publishing the names of habitual tax defaulters with large tax demands pending. ...


How you can cut your tax liability

Rediff - ‎Oct 28, 2009‎
Certain investment options have been provided in the Income Tax Act, 1961, which, when exercised, can help in reducing tax liability. ...


Loan puzzle

Calcutta Telegraph - ‎Nov 1, 2009‎
So, any income from investment of the gifted amount will be clubbed with your income and you shall have to pay income tax thereon. ...


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